Reverse Close investing is it Legit?

[Chuong Pham]

I was presented with and investing opportunity called Reverse Close through a transaction engineer at on of the local REI meetup. From my understanding the process involve person A with good credit borrowing from the bank at lower interest rate for a person B who is not able to get a bank loan. Then charging person B higher interest so they can purchase a home. The deed is own by person A who now has a mortgage under their name. A intermediary company handle all the mortgage payment and person A earn monthly passive income from the interest.

Do you guys think this is a good investment opportunity.